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Sony Corporation Message Board

  • mktqqq mktqqq Dec 27, 2013 11:40 AM Flag

    SNE --- Lower High, Lower Low (the traders love the trend) - can't break through $17.25 today

    There is NO support on the SNE's share price. If you have to buy SNE, wait after it drops to AT LEAST the mid teen. At that level, SNE may (just "may") rebound a bit. Most people will notice that the overall trend of SNE is definitely negative (lower high, lower low). Some Longs are very naive and spread the rumours that the low Yen, PS4 etc can turnaround SNE. What a joke!

    If the US market crashes in the first quarter of 2014, SNE will fall back to $9.50 very quickly. Ok, $13-14 may be the first stop.

    The gap down on December 24 is just the beginning of another downtrend of SNE share price. The market has told you that you should sell SNE now to minimize your losses, or take a short position to make money.

    Sentiment: Strong Sell

33.47-0.13(-0.39%)2:23 PMEDT